Cybersecurity Essentials for In-House Counsel

Ransomware Prevention, Detection and Preparation Best Practices

Seth Ducharme and Matthew Nielsen hosted the next edition of the IHC Fundamental Series, “Ransomware Prevention, Detection and Preparation Best Practices” on Wednesday, March 30, 2022, via live Zoom video conference.

Background:

The headlines say it all: Ransomware attacks are increasing at an alarming rate and there is seemingly no end in sight to this problem. In fact, in the first half of 2021, ransomware attacks are up over 148% (with more attacks than the last ten years combined!). The average ransom is now $200,000-$300,000 (with demands now exceeding $10,000,000.00) and businesses are down an average of 21 days whether they pay the ransom or not!

An informed and knowledgeable in-house counsel is absolutely essential to effective cybersecurity management and ransomware prevention and can help their company prepare for, limit, or even prevent a ransomware attack

Seth and Matthew shared best practices for ransomware prevention, detection, and preparation, including: 

• What is ransomware and how does it infiltrate systems?
• Examples of key Internal and external risk mitigation policies and procedures; and
• A framework for responding to and recovering from a ransomware